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Consumer Cyclical - Leisure - NYSE - US
$ 7.999
-1.97 %
$ 1.47 B
Market Cap
-114.27
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 31, 2025.

The intrinsic value of one MODG stock under the worst case scenario is HIDDEN Compared to the current market price of 8 USD, Topgolf Callaway Brands Corp. is HIDDEN

This DCF valuation model was last updated on Jan, 31, 2025.

The intrinsic value of one MODG stock under the base case scenario is HIDDEN Compared to the current market price of 8 USD, Topgolf Callaway Brands Corp. is HIDDEN

This DCF valuation model was last updated on Jan, 31, 2025.

The intrinsic value of one MODG stock under the best case scenario is HIDDEN Compared to the current market price of 8 USD, Topgolf Callaway Brands Corp. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
4.28 B REVENUE
7.24%
238 M OPERATING INCOME
-7.44%
95 M NET INCOME
-39.84%
365 M OPERATING CASH FLOW
1139.03%
-543 M INVESTING CASH FLOW
-1.46%
376 M FINANCING CASH FLOW
-11.64%
1.01 B REVENUE
-12.52%
33.7 M OPERATING INCOME
-67.28%
-127 M NET INCOME
-204.67%
387 M OPERATING CASH FLOW
72.14%
-11.6 M INVESTING CASH FLOW
86.34%
17.9 M FINANCING CASH FLOW
130.03%
Balance Sheet Topgolf Callaway Brands Corp.
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Current Assets 1.63 B
Cash & Short-Term Investments 399 M
Receivables 311 M
Other Current Assets 918 M
Non-Current Assets 7.49 B
Long-Term Investments 80.9 M
PP&E 3.82 B
Other Non-Current Assets 3.59 B
Current Liabilities 948 M
Accounts Payable 131 M
Short-Term Debt 141 M
Other Current Liabilities 676 M
Non-Current Liabilities 4.29 B
Long-Term Debt 4.22 B
Other Non-Current Liabilities 75.3 M
EFFICIENCY
Earnings Waterfall Topgolf Callaway Brands Corp.
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Revenue 4.28 B
Cost Of Revenue 1.64 B
Gross Profit 2.65 B
Operating Expenses 2.42 B
Operating Income 238 M
Other Expenses 143 M
Net Income 95 M
RATIOS
61.75% GROSS MARGIN
61.75%
5.55% OPERATING MARGIN
5.55%
2.22% NET MARGIN
2.22%
2.45% ROE
2.45%
1.04% ROA
1.04%
7.80% ROIC
7.80%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Topgolf Callaway Brands Corp.
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Net Income 95 M
Depreciation & Amortization 240 M
Capital Expenditures -483 M
Stock-Based Compensation 46.7 M
Change in Working Capital 10.6 M
Others 50.8 M
Free Cash Flow -118 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Topgolf Callaway Brands Corp.
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Wall Street analysts predict an average 1-year price target for MODG of $14.2 , with forecasts ranging from a low of $12 to a high of $20 .
MODG Lowest Price Target Wall Street Target
12 USD 50.02%
MODG Average Price Target Wall Street Target
14.2 USD 78.15%
MODG Highest Price Target Wall Street Target
20 USD 150.03%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.01 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Topgolf Callaway Brands Corp.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
267 K USD 1
9-12 MONTHS
254 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
8 months ago
May 10, 2024
Sell 152 K USD
ANDERSON ERIK J
Director
- 10000
15.19 USD
8 months ago
May 14, 2024
Sell 115 K USD
ANDERSON ERIK J
Director
- 7500
15.37 USD
11 months ago
Feb 15, 2024
Sell 151 K USD
ANDERSON ERIK J
Director
- 10000
15.12 USD
11 months ago
Feb 20, 2024
Sell 72.8 K USD
ANDERSON ERIK J
Director
- 5000
14.55 USD
11 months ago
Feb 16, 2024
Sell 30 K USD
ANDERSON ERIK J
Director
- 2028
14.79 USD
1 year ago
Dec 12, 2023
Bought 25.2 K USD
Flanagan Laura Jean
Director
+ 2000
12.615 USD
1 year ago
Dec 12, 2023
Bought 35 K USD
Flanagan Laura Jean
Director
+ 2775
12.6 USD
1 year ago
Nov 22, 2023
Bought 128 K USD
BREWER OLIVER G III
President and CEO
+ 11000
11.68 USD
1 year ago
Nov 15, 2023
Bought 20 K USD
Flanagan Laura Jean
Director
+ 1676
11.935 USD
1 year ago
Nov 13, 2023
Sell 99.4 K USD
ANDERSON ERIK J
Director
- 10000
9.94 USD
1 year ago
Nov 14, 2023
Sell 111 K USD
ANDERSON ERIK J
Director
- 10000
11.08 USD
1 year ago
Nov 15, 2023
Sell 120 K USD
ANDERSON ERIK J
Director
- 10000
12.03 USD
1 year ago
Nov 13, 2023
Bought 49.8 K USD
BREWER OLIVER G III
President and CEO
+ 5000
9.96 USD
1 year ago
Nov 13, 2023
Bought 99 K USD
BREWER OLIVER G III
President and CEO
+ 10000
9.9 USD
1 year ago
Nov 10, 2023
Bought 100 K USD
BREWER OLIVER G III
President and CEO
+ 10000
10.01 USD
1 year ago
Nov 10, 2023
Bought 100 K USD
BREWER OLIVER G III
President and CEO
+ 10000
10.05 USD
1 year ago
Nov 10, 2023
Bought 40.1 K USD
Thomas Jennifer L.
SVP, Chief Accounting Officer
+ 4000
10.02 USD
1 year ago
Nov 10, 2023
Bought 100 K USD
Lynch Brian P.
EVP, CFO
+ 10000
10.0387 USD
1 year ago
Aug 25, 2023
Bought 162 K USD
BREWER OLIVER G III
President and CEO
+ 10000
16.21 USD
1 year ago
Aug 22, 2023
Sell 163 K USD
ANDERSON ERIK J
Director
- 10000
16.29 USD
1 year ago
Aug 23, 2023
Sell 166 K USD
ANDERSON ERIK J
Director
- 10000
16.58 USD
1 year ago
Aug 10, 2023
Sell 263 K USD
ANDERSON ERIK J
Director
- 15000
17.51 USD
1 year ago
Aug 14, 2023
Sell 85.1 K USD
ANDERSON ERIK J
Director
- 5000
17.01 USD
1 year ago
Jun 08, 2023
Bought 1.94 M USD
Ogunlesi Adebayo O.
Director
+ 100000
19.4472 USD
1 year ago
May 31, 2023
Bought 109 K USD
BREWER OLIVER G III
President and CEO
+ 6400
17.06 USD
1 year ago
May 26, 2023
Bought 61.6 K USD
BREWER OLIVER G III
President and CEO
+ 3600
17.1 USD
1 year ago
May 26, 2023
Bought 86.2 K USD
BREWER OLIVER G III
President and CEO
+ 5000
17.24 USD
1 year ago
May 22, 2023
Bought 114 K USD
Fine Rebecca
EVP, Global CPO
+ 7000
16.23 USD
1 year ago
May 15, 2023
Sell 179 K USD
ANDERSON ERIK J
Director
- 10000
17.93 USD
1 year ago
May 17, 2023
Sell 181 K USD
ANDERSON ERIK J
Director
- 10000
18.12 USD
1 year ago
May 12, 2023
Bought 85.6 K USD
BREWER OLIVER G III
President and CEO
+ 5000
17.1191 USD
1 year ago
May 11, 2023
Bought 178 K USD
Lynch Brian P.
EVP, CFO
+ 10000
17.79 USD
1 year ago
Mar 06, 2023
Sell 479 K USD
ANDERSON ERIK J
Director
- 20000
23.96 USD
1 year ago
Feb 28, 2023
Sell 586 K USD
ANDERSON ERIK J
Director
- 25000
23.45 USD
2 years ago
Jan 20, 2023
Sell 150 K USD
Thomas Jennifer L.
SVP, Chief Accounting Officer
- 6438
23.3 USD
2 years ago
Dec 05, 2022
Bought 216 K USD
Lynch Brian P.
EVP, CFO
+ 10000
21.6422 USD
2 years ago
Dec 02, 2022
Bought 109 K USD
BREWER OLIVER G III
President and CEO
+ 5000
21.88 USD
2 years ago
Dec 02, 2022
Bought 106 K USD
BREWER OLIVER G III
President and CEO
+ 5000
21.2999 USD
2 years ago
Dec 01, 2022
Sell 129 K USD
Thomas Jennifer L.
SVP, Chief Accounting Officer
- 6000
21.5 USD
2 years ago
Nov 18, 2022
Bought 62.2 K USD
ARMACOST SAMUEL H
Director
+ 3000
20.75 USD
2 years ago
Nov 17, 2022
Bought 42 K USD
ARMACOST SAMUEL H
Director
+ 2000
21 USD
7. News
Five Iron Golf & Callaway Golf Partner to Launch Callaway Tour Fitting Tour-Level Elite Fitting Experience Coming To All Five Iron Golf Locations Tour-Level Elite Fitting Experience Coming To All Five Iron Golf Locations globenewswire.com - 2 weeks ago
Topgolf Officially Breaks Ground in Grand Prairie Near EpicCentral Entertainment District The venue will be located near Mayfield Road along the President George Bush Turnpike DALLAS , Jan. 7, 2025 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it broke ground on a two-level venue located in Grand Prairie, Texas, set to open in late 2025. This will be the 15th venue in Texas and the fifth in the Dallas-Fort Worth metroplex. prnewswire.com - 3 weeks ago
Topgolf Callaway Brands upgraded to ‘Buy' on undervalued core business and spin-off potential Topgolf Callaway Brands (NYSE:MODG) has been upgraded to a ‘Buy' rating from ‘Hold' by analysts at Jefferies who see the golf equipment and entertainment brand's shares as undervalued. Analysts also raised their price target on the company to $13 from $11. proactiveinvestors.com - 4 weeks ago
Why Shares of Topgolf Callaway Brands Rallied Big Today Shares of Topgolf Callaway Brands (MODG 11.51%) rallied as much as 18.3% on Thursday, before settling in to a 12.6% gain as of 11:35 a.m. EDT. fool.com - 4 weeks ago
Callaway Golf Announces New Elyte Family of Woods and Irons The future of performance is Elyte with incredible new drivers, fairway woods, irons, and hybrids CARLSBAD, Calif. , Jan. 2, 2025 /PRNewswire/ -- Today Callaway Golf, one of the industry's leaders in equipment design, performance, and innovation, announced their new Elyte family of golf clubs. prnewswire.com - 4 weeks ago
Topgolf Callaway Brands: A Bogey At These Prices Looks Improbable Topgolf Callaway Brands' shares have plummeted 47% in 2024 and 79.3% from their peak, but the decline seems extreme given the company's fundamentals. Management plans to split Topgolf and Callaway Golf Company, aiming to unlock value despite recent financial struggles and increased debt. Topgolf's growth strategy involves expanding venues, while Callaway Golf Company will inherit the debt, potentially offering investors Topgolf at a low valuation. seekingalpha.com - 1 month ago
Mississippi's First Topgolf Opens Its Doors on Friday, Dec. 20 The two-level venue in Ridgeland sits northeast of the Renaissance at Colony Park DALLAS , Dec. 5, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today that at long last, it will open its first venue in Mississippi, Topgolf Ridgeland, on Dec. 20. This is Topgolf's 108th global outdoor venue. prnewswire.com - 1 month ago
Topgolf To Open One of Its Largest Venues Yet in Burlingame On Dec. 13 The three-level venue features 108 hitting bays and sits along Bayshore Freeway (Hwy 101) and Airport Drive DALLAS , Dec. 2, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open in Burlingame, California, on Dec. 13, making it Topgolf's 107th global outdoor venue. Topgolf Basics Never been to a Topgolf venue? prnewswire.com - 1 month ago
Topgolf Adds Avon to its 2025 Lineup of Venue Openings The venue will be located along Chester Road near the I-90 and Nagel Road intersection DALLAS , Dec. 2, 2024 /PRNewswire/ -- Topgolf announced today it broke ground on a two-level venue located in Avon, Ohio, approximately 20 miles west of downtown Cleveland. This will be the fifth Topgolf venue in Ohio. prnewswire.com - 1 month ago
Topgolf Callaway Brands: No Signs Of Recovery In Sight I maintain a sell rating on Topgolf Callaway Brands due to poor revenue performance, weak consumer spending, and ineffective growth initiatives. MODG's 3Q24 earnings showed a 2.7% y/y revenue decline, with EBIT margin compressing by 400 bps and net income plummeting to $4.3 million. Topgolf's SVS declined for the fourth consecutive quarter, with both consumer and corporate segments showing significant drops. seekingalpha.com - 2 months ago
Topgolf Breaks Ground on Second Venue in Minnesota The venue will be located at 560 Bielenberg Drive in Woodbury, MN DALLAS , Nov. 21, 2024 /PRNewswire/ -- Topgolf  announced today it recently broke ground on a three-level venue in Woodbury, Minnesota, set to open in late 2025. This is the second venue in Minnesota in addition to an existing venue in Minneapolis – Brooklyn Center. prnewswire.com - 2 months ago
Why Topgolf Callaway Stock Was Slumping This Week Why Topgolf Callaway Stock Was Slumping This Week fool.com - 2 months ago
8. Profile Summary

Topgolf Callaway Brands Corp. MODG

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COUNTRY US
INDUSTRY Leisure
MARKET CAP $ 1.47 B
Dividend Yield 0.00%
Description Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories. It operates through three segments: Topgolf; Golf Equipment; and Apparel, Gear and Other. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, multiple bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brands. The Apparel, Gear and Other segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; and golf and lifestyle apparel, hats, luggage and accessories, footwear, belts, facemasks, sunglasses, socks, and underwear under the TravisMathew brand. This segment also provides storage gear for sport and personal use, such as backpacks; travel, duffel, and golf bags; and storage gear accessories, as well as outerwear, headwear, and accessories under the OGIO brand. In addition, it offers outdoor apparel comprising jackets, trousers, dresses, skirts, and tops; and footwear and outdoor equipment, including packs and bags, travel bags, tents, sleeping bags, and accessories under the Jack Wolfskin brand. The company sells its products through golf retailers, sporting goods retailers, on-line retailers, mass merchants, department stores, third-party distributors, and mail order stores, as well as through its websites in the United States and approximately 120 countries. The company was formerly known as Callaway Golf Company and changed its name to Topgolf Callaway Brands Corp. in September 2022. Topgolf Callaway Brands Corp. was incorporated in 1982 and is headquartered in Carlsbad, California.
Contact 2180 Rutherford Road, Carlsbad, CA, 92008 https://www.callawaygolf.com
IPO Date Feb. 28, 1992
Employees 32000
Officers Ms. Maryam Morse Chief People Officer Mr. Brian P. Lynch J.D. Executive Vice President, Chief Legal Officer & Chief Financial Officer Mr. Glenn F. Hickey Executive Vice President & President of Callaway Golf Mr. Arthur Francis Starrs III Chief Executive Officer of Topgolf International, Inc. Ms. Katina Metzidakis Vice President of Investor Relations & Corporate Communications Mr. Neil Howie MD & President of Europe, Middle East & Africa Ms. Jennifer Thomas Senior Vice President & Chief Accounting Officer Mr. Mark F. Leposky Executive Vice President & Chief Supply Chain Officer Ms. Erin Chamberlin Chief Operating Officer Mr. Oliver G. Brewer III President, Chief Executive Officer & Director